Dubbed the Deutsche Boerse Cloud Exchange, the cloud services marketplace will aim to enable IT resources to be traded like securities and energy, electronically and within seconds.

Zimory hopes its commitment to advancing open and standardized cloud management software in connection with the above will help to drive business within enterprises, service providers, and cloud broker customers on a global scale. The freshly raised cash will hence be used primarily to give its sales and marketing a big boost.

Founded in 2007, Zimory is headquartered in Berlin but also boasts development centers in Erfurt, Germany and Minsk, Belarus, as well as a recently opened subsidiary office in New York City.